provision

Provision

Used in accounting as a charge for an estimated expense or loss.

provision

the sums charged in DOUBLE ENTRY ACCOUNTS against a firm's PROFITS in anticipation of costs which are likely to arise in the future. The most common general provision made by firms is the provision for DOUBTFUL DEBTS which is established in anticipation of some customers not paying what they owe. In addition, a firm may make a specific provision against, say, a damages claim which is presently not yet settled. Provisions are aimed at trying to ensure that profits are not overstated by making sure that all a firm's costs are charged, even those whose precise amount is not yet certain. See REVALUATION PROVISION, DEFERRED TAX.

This means that in order to rein this type of behavior in, IT Security must work with IT to create some sort of simple way to use the corporate Cloud provisioning strategy to provide self-service to everyone in the business.

Neera Labs have developed most effective and affordable ERP solutions for more than 15 industry segments in couple of years and is capable of automating the business process using instant cloud provisioning platform.

Customers can be assured that ScaleXtreme's cloud-based systems management tools have successfully passed a series of tests established by Citrix, and can be trusted to work effectively with CloudStack in order to accelerate cloud provisioning and to facilitate cloud patching, budget control and management.

Cloud provisioning and monitoring software is fast becoming essential for enterprises in a world where everything must be done faster and more efficiently and few companies have time to sort out human error.

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